ESL Business Power Up: Accounting Terms

Accounting terms are important for learners. Here are some frequently used accounting terms and jargon to help boost clients who deal with financial accounting and other related materials. Let me know if you have any suggestions or corrections. Cheers!

Account Payable Account Receivable American Depository Receipts (ADRs) Amortization
Annual Report Annuity Financial Statements Audit Risk
Auditors’Report Balance Sheet Income Sheet Cash Flow
Bankruptcy Board of Directors Capitalized Cost/Interest Certificate of Deposit (CD)
Certified Financial Planner (CFP) Certified Public Accountant (CPA) Collateral Common Stock
Compilation Compensation Compilation Report Consolidation
Convertible Stock Creditor Liability Assets
Debit Balance Debt Depletion Deprication
Derivatives Disclaimer Disclosure Discontinued Options
Distribution Due Diligence Earned Income Earnings Per Share (EPS)
Employee Benefit Plan Estate Tax Estimated Tax Exclusions
Exemption Expenditure Extension Face Value
Fair Market Value Fiscal Year Franchise Fraud
Goodwill Initial Public Offering (IPO) Installment Method Intangible Asset
Internal Audit Internal Revenue Service (IRS) Inventory Investment
Joint Venture Junk Bonds Leveraged Buy Out Lease
Limited Liability Partnership/Company (LLP/LLC) Liquidation Margin Merger
Mortgage Net Worth Obligation
Peer Review Premium Proprietorship Prospectus
Proxy Real Estate Investment Trust (REIT) Reconciliation Research and Development (R&D)
Reserves Restructuring Retained Earnings Safe Harbor
Securities and Exchange Commission (SEC) Spinoff Start-up costs Stock Options
Tax Lien Tax Shelter Vesting Withholding
Yield Maturity Zero-Coupon Bond Trust
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